Malaysia's FBM KLCI Sheds 2.1% in a Week to 1,582.59 as Bank Stocks Slide
Bursa Malaysia's benchmark fell in every session last week, with Public Bank and other lenders leading the decline as analysts debated whether the selloff has run its course.
Capital Times: markets, business and economic news from Asia
Philippine Foreign Investment Pledges Jump 125% to P166 Billion in Q3, Led by Taiwan
Taiwanese projects made up nearly half of the commitments as manufacturing and power drew the most money, while officials said BOI, PEZA and BCDA approvals have reached P1.4 trillion this year.
Nvidia Turmoil Knocks Taiex Down 2.6% as ASE, MediaTek and SK Hynix Fall
Taiwan's benchmark gave back most of a 3.6% jump in one session and the Kospi ended a two-day rally. Korean analysts say long-term memory contracts limit the damage to Samsung and SK Hynix.
Fed's Waller Floats 50-Basis-Point Hike as 10-Year Treasury Auction Clears at 5.02%
A Fed governor said a quarter-point December increase might not be enough, while Vice Chair Michelle Bowman stressed tighter financial conditions, and the 2-year yield jumped 17 basis points.
Korea Zinc Wins Appeal on Hyundai Share Sale a Day After Court Voids Its 2025 AGM Votes
A Seoul court cancelled board votes taken while Young Poong was barred from voting. An appeals court then upheld a 2023 share sale to a Hyundai unit.
Bain and LY Top EQT Again in Kakaku.com Fight as Tender Deadline Nears
The Bain-backed bidder lifted its planned price above EQT's live offer, but it still needs the Tabelog owner's board to change sides.
Hitachi Energy India Jumps 12% as Orders Rise 86% and Transmission Plan Lifts Power Stocks
A record 333 billion rupee backlog outweighed a squeeze on margins, and a new 1,150-kilovolt transmission project sent grid equipment makers higher in a falling market.
Markets
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- DealsNew World Development Seeks HK$24.9 Billion in 11-for-1 Rights Issue at 81.5% Discount
- DealsMahanadi Coalfields IPO Opens Nov. 19 With No Price Band Yet, Leading Three India Share Sales
- DealsWatami Founder Launches 1,284-Yen Buyout to Take Izakaya Chain Private, With Suntory Staying In
- Southeast AsiaLaos Lines Up 47 Power Projects With 8,260 MW for Export to Vietnam by 2030
- Southeast AsiaThailand's Actual BOI Investment Rises 28% to Over 260 Billion Baht in Third Quarter
- DealsBursa Malaysia Debuts: Data Center Firm MyDCD Drew 36 Times Retail Demand, KEB Just Covered
China's Economy Grows 4.5% in Third Quarter, Beating Forecasts as Factories Hum
Growth picked up from the second quarter on manufacturing and exports, while construction shrank and officials flagged weak domestic demand.
Hong Kong IPOs Raise Record HK$388 Billion in Nine Months, Putting Best Year in Reach
KPMG says full-year proceeds could near HK$500 billion as A+H listings and tech issuers fill a pipeline of more than 600 applicants.
Asian Markets
Samsung Drags Kospi Down 3% as Alphabet's Cash Burn Cools Asia's AI Stock Rally
Japanese chip stocks rallied ahead of the BOJ and Hong Kong held flat in morning trade, while Samsung's profit miss and a battery stake sale sank Seoul.
Treasury Yields Slip Back Below 5% as Fed Decision Looms After September Rout
The 10-year yield has fallen for three weeks after touching its highest since 2007, but oil and supply worries still hang over the market.
Asia's Currencies Close October Mixed as Rupee Gains About 1% and Yuan Hits 4-Year High
With the Fed and the Bank of Japan both on hold, central bank defenses, export dollars and oil decided which currencies won the month.
Brent Eases From Near Six-Month High as Saudi-Iran Talks Temper Houthi Supply Scare
Diplomacy in Tehran trimmed oil prices, but attacks on Saudi energy sites and on Hormuz shipping keep a heavy risk premium in place.
India's Top Court Said Banks Should Repay Fraud Victims. Asia Should Go Further
India's top court wants full repayment when bank checks fail. Asia's regulators, including Singapore's, should write that default into law and close the gaps savers still fall through.
The Editorial Board
Korea's Pension Fund Should Not Raise Its 20.8% Home Stock Target to Prop Up the Kospi
A 181 trillion won loss in July shows what a swollen Korean equity stake costs members. The year-end review should keep 20.8% as a ceiling and rule out another pause in rebalancing.
The Editorial Board
Japan Raised the iDeCo Cap to 62,000 Yen. Now It Should Enroll Workers Automatically
Fewer than 6% of eligible people use Japan's private pension accounts. Bigger limits help the savers already there; an opt-out default would reach the rest.
The Editorial Board
RBA at 4.85%, Bank Negara at 2.75%: Asia's Central Banks Are Right to Go Their Own Way
Australia hiked, Malaysia held and Japan's minutes leaned toward faster increases. Each bank should set policy on its own inflation data and let exchange rates absorb the gap.
The Editorial Board
Artificial Intelligence
Moonshot AI Weighs Up to $5 Billion Hong Kong IPO After $50 Billion Valuation
The Kimi developer has closed its last private round and lined up banks for a listing as soon as early 2027, Bloomberg reported.
- TSMC Profit Jumps 69% to a Record as 2nm Ramp Lifts Fourth-Quarter OutlookSemiconductors · 3 min read
- HSBC Rolls Out Hong Kong Dollar Stablecoin RedCoin to 3.3 Million PayMe UsersFintech & Crypto · 4 min read
- Asia Startup Funding Holds Near Highs at $38.5 Billion as AI Draws 55%Startups & VC · 3 min read
China Trade
China's Exports Jump 36% in September as AI Demand Pushes Surplus to 2026 High
Shipments beat forecasts by more than 10 percentage points, and the annual surplus is on pace to top $1 trillion again.
- Australia's Core Inflation Rises to 3.7%, Beating Forecasts and Firming RBA Hike BetsGrowth & Inflation · 4 min read
- Fed Holds Rates at 3.75% to 4% in 10-2 Vote as Warsh Plans Fewer Rate DecisionsCentral Banks · 4 min read
- Nvidia's Huang Scandal Revives Chip Security Act Push as China H200 Sales Stay Near ZeroTrade · 4 min read
India Clears Fairfax's Takeover of IDBI Bank in INR 529 Billion Stake Sale
PetroChina Profit Rises 21.6%, Sinopec's Jumps 57% Even as China Fuel Sales Fall
Pop Mart Revenue Falls Up to 50% in Third Quarter as Labubu Sales Weaken
Standard Chartered Raises 2026 Outlook as Profit Jumps 27% on Record Wealth Income
Brazil
Brazilian Stocks Plunge 13.7% and the Real Slides After Lula Wins Runoff
Investors had bet on a Bolsonaro victory after the first round. Lula's narrow comeback reversed that trade and put Brazil's debt back in focus.
EU and China Reach Hybrid Car Understanding, Pledge Faster Rare Earth Licenses
Two days of talks in Beijing pulled both sides back from a trade war, but EV duties stay in place and the hybrid terms remain unpublished.
QatarEnergy Signs 20-Year Deal for Up to 3 Million Tons a Year of Woodside's US LNG
The world's top LNG exporter has now lined up 7 million tons a year of U.S. gas as force majeure on its own cargoes runs to year-end.
Apple's Greater China Sales Jump 21% to $17.5 Billion as Memory Costs Test Margins
Record September-quarter revenue of $114.5 billion came with inventories more than doubling and a foldable iPhone its suppliers cannot build fast enough.
China Property
China's Top 100 Developers Sell 2.54 Trillion Yuan Through October as Poly Clings to Lead
October sales rose from September as a mortgage subsidy took effect, but only six developers have topped 100 billion yuan this year, one fewer than a year earlier.
- Link REIT Sells Mong Kok's 700 Nathan Road for HK$2.3 Billion, 61% Below 2016 PriceCommercial · 4 min read
- Hong Kong Home Prices Rise 0.19% in September as Rents Hit Another Record HighResidential · 3 min read
Investing
Koreans Pour Record 5.18 Trillion Won Into Mirae's S&P 500 ETF as Kospi Swings
The U.S. index fund became the first Korean-listed ETF to pull in 5 trillion won of retail money in a year, as the Kospi jumped 6% and then fell 3.5%.
- Singapore Savings Bond Return Rises to 2.45% as T-Bill Yields Climb Toward 2%Saving & Banking · 3 min read
- Singapore Keeps Asia's Only A Grade in Global Pension Index as Indonesia SlipsRetirement · 3 min read
Aviation
Air China Third-Quarter Profit Sinks 93% as Jet Fuel Costs Erase Summer Travel Gains
The flag carrier flew 7.3% more passengers in the peak quarter but kept just 271 million yuan of profit, with China Eastern and China Southern reporting next.
Hong Kong's Bar Leone Keeps World's Best Bar Title as Asia Takes 13 Spots
Hong Kong tied New York and Paris with four bars in the top 50, while venues in Bangkok and Seoul climbed into the top 10.
Swiss Watch Exports Rise 11.7% in September as Hong Kong Shipments Edge Up
A rebound in US shipments drove a fourth straight monthly gain, while exports to mainland China fell 14.2% on an unfavorable base effect.
JYP Entertainment Shares Jump 6.8% on Unverified Takeover Claim as Regulator Warns
Two little-known groups say they plan to bid for up to half of the Stray Kids label. JYP says no valid proposal arrived, and Korea's watchdog is monitoring trading.
The Asia Open
Our 6 a.m. HKT briefing on what moved overnight and what to watch when Asian markets open. Weekdays, free.